A rare opportunity to buy an affordable home in London zone 1

It seems too good to be true, but this exclusive collection of five one, two and three bedroom shared ownership apartments, plus six for intermediate rent, from Octavia, is situated in the heart of Paddington – where you can enjoy everything central London has to offer

Living in central London is many first time buyers’ dream. This exciting new development is a rare opportunity to be part of the ‘new Paddington’, which is the largest regeneration zone in the past 50 years. Ideally situated between Paddington and Edgware Road stations, where there are five underground lines within easy walking distance and the incoming Crossrail in 2018, will only make this area even more popular.

Octavia has been working with developer, Taylor Wimpey and these stunning apartments are part of the exclusive Paddington Exchange, set within the fourth and fifth floors of a contemporary-style building. The high-specification interiors include designer fitted kitchens, with integrated appliances including an oven, hob and extractor fan, fridge/freezer and washer/dryer, plus stylish bathrooms. All apartments come with a private balcony and residents can also benefit from the beautiful landscaped communal gardens.

Paddington and beyond
Paddington Central is buzzing with restaurants and bars and many one-off events take place in the neighbourhood, from global food markets to pop-up shops, which keep the area constantly alive. Nearby is Marylebone Village, one of W1’s major shopping and eating areas, centered around Marylebone High Street, plus Oxford Street with its huge selection of shops is just a 10-minute walk away. If you fancy a stroll, then Hyde Park is on the doorstep, which is one of London’s largest open green spaces, and you can be in Kensington Gardens in around 16 minutes. Even closer to home, a leisurely 10-minute stroll along and across Paddington Basin brings you to the Maida Basin, the embankment point for water taxis to Camden Lock via the Regents Canal. For local shops, there are convenience stores and cafes including a Tesco Express and an M&S café near to the development.

Getting around
Less than five minutes walk away, Paddington offers services on the Hammersmith & City, District, Bakerloo and Circle tube lines and, from 2018, the station will be a primary stop on the new Crossrail east-west London service. Lancaster Gate on the Central line is less than 15 minutes’ walk away, making Bond Street, Oxford Circus, Bank and Liverpool Street all easily accessible.

Paddington has a unique character of its own and is certainly one of London’s most sought-after locations – and is a vibrant place to live, work and play. The development is located next to the newly-developed Merchant Square, where you will find designer shops, bustling markets and art galleries as well as a wide variety of bars, restaurants and cafes.

Applicants should live/work in Westminster. Guide prices are £165,000 for a 25% share of a one bedroom apartment, with a full market value of £660,000.